ITM Power secures 100MW capacity reservation with Shell Deutschland
In a significant development in the renewable energy sector, ITM Power PLC is delighted to announce a landmark capacity reservation with Shell Deutschland GmbH. This agreement marks a crucial step forward in green hydrogen production, with Shell securing future production capacity for ITM’s state-of-the-art electrolyser stacks. The reservation encompasses 100MW of TRIDENT electrolyser stacks, slated for manufacturing in the calendar years 2025 to 2026. This production is in connection with the Refhyne 2 project at the Shell Energy and Chemical Plant in Rhineland, Germany, pending a final investment decision.
Significant Milestone for ITM Power in Green Hydrogen Production
ITM Power’s CEO, Dennis Schulz, expressed his enthusiasm about the agreement, highlighting it as a testament to ITM’s technology and its capability to deliver at scale. Schulz noted, “Today’s announcement is yet another validation of our technology and credibility to deliver at scale, providing reassuring recognition by a world-leading industrial customer.” He also emphasized the growing challenge for customers in securing credible large-scale delivery capability within the Proton Exchange Membrane (PEM) electrolyser sphere, especially given the rapidly increasing demand.
ITM Power Confirms Electrolyser Stack Production Capacity for Shell’s Refhyne 2 Project
Background and Impact of ITM Power and Shell’s Agreement
Founded in 2000 and admitted to the AIM market of the London Stock Exchange in 2004, ITM Power PLC, headquartered in Sheffield, England, has been at the forefront of green hydrogen technology. The company specializes in designing and manufacturing electrolysers based on PEM technology. This technology is pivotal in producing green hydrogen, recognized as the only net zero energy gas, using renewable electricity and water.
The collaboration between ITM Power and Shell Deutschland GmbH is a significant stride in the renewable energy sector, particularly in the realm of green hydrogen production. It underscores the increasing importance of sustainable energy solutions and the role of innovative technologies in achieving environmental goals. This agreement is not just a milestone for ITM Power but also represents a broader shift towards cleaner, more sustainable energy practices globally.